Greek Prime Minister Kyriakos Mitsotakis recently presented his economic agenda for the upcoming year at the Thessaloniki International Fair. In his annual speech, Mitsotakis outlined nine key challenges that his government aims to address. These challenges include the convergence of public and private sector wages, employment growth, green transition, and an effective response to demographic and climate crises.
During his speech, Mitsotakis emphasized the importance of implementing useful and effective options rather than frivolous benefits. This comes at a time when several European countries, such as Italy and France, are facing scrutiny from the European Commission for overspending. Mitsotakis reassured that Greece would not fall into a similar situation under his leadership.
Among the 45 measures announced by the Greek Prime Minister, notable highlights include higher pensions for 2 million pensioners starting next year and a new increase in the minimum wage from April onwards. The government plans to allocate 3 billion Euros in 2025 alone for these measures, representing 1.5% of the country’s GDP.
Greece is still recovering from the 2009-2018 budget crisis that significantly impacted its economy. Austerity measures were implemented during this period, resulting in reduced wages and pensions. Despite this, Greece has seen steady growth in average wages, although unemployment remains at 10%, making it the second highest in the EU. Purchasing power in Greece also ranks among the lowest in the bloc.
One crucial aspect of Mitsotakis’ economic agenda is the focus on combating climate change and transitioning to a greener economy. Greece has experienced devastating wildfires and floods in recent years, leading to negative impacts on public finances. Addressing environmental challenges is essential for the country’s sustainable development and resilience to climate-related disasters.
In conclusion, the Greek Prime Minister’s economic agenda prioritizes wage growth, employment, and climate challenges to drive the country’s economic recovery and improve citizens’ quality of life. Mitsotakis’ commitment to implementing effective policies and investing in key areas such as pensions, minimum wage, and green transition underscores the government’s determination to overcome past challenges and build a more prosperous future for Greece. The success of these measures will be crucial in shaping Greece’s economic landscape in the years to come.
